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Research data related to an economic issue

Assignment Help Business Economics
Reference no: EM131863734

Analyzing and understanding data is an important part of decision making.

Econometrics is defined as the statistical methods used to analyze data and make informed decisions.

For this assignment, you are required to research data related to an economic issue or situation relevant to your organization or a business organization in general. Use the Bureau of Economic Analysis website to choose data for this assignment.

In addition, review the articles in Topic Materials relating to econometrics. Analyze the data you have selected to determine how to use them to make appropriate economic decisions for an organization.

As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression, or another relevant model) to validate data and determine strategies and solutions for the economic data retrieved.

Please review the "Sample Econometrics Problem" resource to assist you in completing this assignment.

Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.

You are required to submit the selected data, methods for testing and validating data, and the economic decisions you have established based on analysis of the data.

You need to include a scatter plot.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.

Verified Expert

Regression Analysis is done on a pair of economic data from US Bureau of Economic Analysis. The implications of the linear regression analysis generated from the equation have been explained. How the conclusions of the regression analysis can impact demand planning at a an organization has been explained.

Reference no: EM131863734

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Reviews

inf1863734

4/22/2018 4:40:21 AM

The paper is of A grade quality. When regression analysis is done scatter diagrams are not needed. Also nowhere in the instructions given by my professor, it was written that scatter diagram was required. Anyhow,you added a scatter diagram. Thank you so much as i got an A in this paper.

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